Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 41.2 yrs |
|---|---|
| Avg HH Size | 2.42 |
| Below Poverty | 5.1% ▼ 49% below avg |
| College Grads | 48.4% ▲ 25% above avg |
| Unemployment | 0.5% ▼ 89% below avg |
| No HS Diploma | 3 (0.1%) |
| HS Graduate | 802 (26.9%) |
| Some College | 362 (12.1%) |
| Associates | 371 (12.4%) |
| Bachelors | 504 (16.9%) |
| Graduate Degree | 939 (31.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $97,298 ▲ 28% above avg |
|---|---|
| Median Home Value | $219,500 ▼ 21% below avg |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $865/mo |
| Total Housing Units | 1,896 |
| Vacant Units | 111 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Madrid is a city in Iowa, located in Boone County. The city spans 1 ZIP code and is home to approximately 4,407 residents. It is a middle-aged city, with a median age of 41.2 years.
Economically, Madrid is a middle-income community. The median household income of $97,298 is above the national average. Approximately 5.1% of residents live below the poverty line. The unemployment rate is 0.5%, well below the national average.
The real estate market in Madrid is an affordable housing market. Median home values stand at $219,500, which is below the national average. Renters typically pay around $865 per month. Homeownership is high at 86.3%, typical of suburban and family-oriented communities.
The population of Madrid is well-educated. 48.4% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (95.03%).
Madrid, IA offers residents above-average earning potential within Iowa.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 50156 | 4,407 | $97,298 | $219,500 | $865 | 0.5% | 48.4% | 86.3% |